Travelex Global Business Payments Named Most Innovative Company Finalist in 2011 American Business Awards(SM)

WASHINGTON, June 2, 2011 /PRNewswire/ -- Travelex Global Business Payments, Inc., the world's leading cross-border payments specialist, announced today that is has been selected as a finalist in the "Most Innovative Company of the Year" category in the 2011 American Business Awards. Travelex was nominated for a series of business and product innovations, including the most recent launch of the 'GEO' Global Clearing Network, a new intuitive service designed specifically for businesses to improve payments efficiency and simplify the international payments experience in 130 currencies across 40 countries.  

This is the second industry recognition for Travelex Global Business Payments' innovation in the last year as Travelex was the recipient of the Financial-i Innovation of the Year for 2010.  The consideration from The American Business Awards is further evidence that Travelex's innovative technology helps customers conduct businesses across borders and in other currencies with the confidence that payment transfers will be delivered with speed and certainty.

The American Business Awards acknowledge the efforts, accomplishments, and positive contributions of companies and business people across the globe. The American Business Awards are one of four competitions held by the Stevie® Awards. This recognition from one of the world's premier business awards programs affirms the value of Travelex's cross-border services.

"As more of our customers continue to expand their services globally, we see a prime opportunity to enhance cross-border services that mitigate costs, risks and help our clients maintain a competitive edge globally," said Kina Lamarche, Director and President, Travelex Global Business Payments in North America.  "We are honored to be selected by The American Business Awards for consideration this year and look forward to continuing on our track of innovation in the years to follow."

More than 2,800 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration for The American Business Awards in more than 40 categories, including Most Innovative Company of the Year, Management Team of the Year, Best New Product or Service of the Year, Corporate Social Responsibility Program of the Year, and Executive of the Year. Finalists were chosen by business professionals nationwide during preliminary judging in April and May.

American Business Award winners will be selected from among the finalists in each category this week by members of 10 specialized final judging committees. More than 150 executives will have participated in judging this year and winners will be announced in New York City.

Details about The American Business Awards and the list of finalists in all categories are available at www.stevieawards.com/aba.

For more information about Travelex Global Business Payments, including market news and commentaries about the global foreign exchange markets, please visit www.travelexbusiness.com/na

About Travelex Global Business Payments

Travelex is a global foreign exchange specialist providing the payment and receipt of domestic and international funds for businesses of all sizes.  For more than 30 years, Travelex has provided clients with sophisticated market knowledge, leading edge technologies and practical and innovative solutions tailored to individual requirements.

Every year, Travelex processes payments around the world for over 35,000 businesses to one million beneficiaries.

For more information, visit www.travelexbusiness.com/na.  In the United States, services are provided by Travelex Global Business Payments, Inc. or Travelex Currency Services, Inc.  In Canada, services are provided by Travelex Canada Limited.

This press release has been prepared solely for informational purposes and does not in any way create any binding obligations on either party. Travelex makes no representation, warranty or condition of any kind, expressed or implied, in this announcement.

SOURCE Travelex Global Business Payments